Seller's Agent in 2023
Goran Forss
Team Forss Realty Group
(951) 302-1492
19 in this area
1,261 Total Sales
28240 Via Princesa Murrieta, CA 92563
Murrieta Hot Springs NeighborhoodEstimated Value: $1,231,000 - $1,366,000
8
Beds
6
Baths
3,474
Sq Ft
$375/Sq Ft
Est. Value
Highlights
- Community Pool
- Laundry Room
- Central Heating and Cooling System
- Buchanan Elementary School Rated A-
- Tile Flooring
- Redwood Fence
About This Home
As of May 2023Great investment opportunity as these complexes very seldom come on the market. This is a very well maintained, centrally located FourPlex in the Heart of Murrieta with easy access to two freeways as well as shops and restaurants. The complex is comprised of two 2 bedroom, 2 bathroom units and two 2 bedroom, one bathroom units. There are both models on the lower level with street level entry and both models on the upper floor. There are carports and plenty of off street parking as well as a laundry unit for additional income. The units have all been updated with three units displaying wideplank luxury vinyl while some also have new kitchen cabinets and granite counters. The complex has been well cared for and rents are currently well under market so plenty of upside. T
Last Agent to Sell the Property
Team Forss Realty Group License #01711806 Listed on: 04/13/2023
Last Buyer's Agent
Angela Seeber
Abundance Real Estate License #02140432
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,562
Year Built
- Built in 1983
Lot Details
- 8,712 Sq Ft Lot
- No Common Walls
- Redwood Fence
- Level Lot
- Front Yard
- Density is 2-5 Units/Acre
HOA Fees
- $60 Monthly HOA Fees
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 3,474 Sq Ft Home
- 2-Story Property
- Laundry Room
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Parking
- 2 Open Parking Spaces
- 6 Parking Spaces
- 4 Carport Spaces
Additional Features
- Exterior Lighting
- Suburban Location
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 42
- Tax Tract Number 4476
- Assessor Parcel Number 913171020
- $556 per year additional tax assessments
Community Details
Overview
- 4 Units
Amenities
- Laundry Facilities
Recreation
- Community Pool
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $228
- Gardener Expense $720
- Insurance Expense $1,700
- Other Expense $1,164
- Trash Expense $2,088
- Water Sewer Expense $2,880
- Operating Expense $8,780
- Gross Income $2,400
- Net Operating Income $52,260
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 1, 2023
Sold by
Luyben Family Trust
Bought by
Joycore Ventures Llc
Current Estimated Value
Purchase Details
Closed on
Sep 8, 2023
Sold by
Lspi Exchange Corporation
Bought by
Luyben Family Trust and Luyben
Purchase Details
Listed on
Apr 13, 2023
Closed on
Mar 31, 2023
Sold by
Murphy-Shields Living Trust
Bought by
Lspi Exchange Corporation
Seller's Agent
Goran Forss
Team Forss Realty Group
Buyer's Agent
Angela Seeber
Abundance Real Estate
List Price
$1,300,000
Sold Price
$1,275,000
Premium/Discount to List
-$25,000
-1.92%
Views
33
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.91%
Purchase Details
Closed on
Mar 2, 2010
Sold by
Murphy Michael and Shields Michael H
Bought by
Murphy Michael Dean
Purchase Details
Closed on
Sep 29, 1998
Sold by
Gay Clyde
Bought by
Murphy Michael and Shields Michael H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
6.54%
Mortgage Type
Commercial
Purchase Details
Closed on
May 10, 1996
Sold by
Madden William B and Madden Ming C
Bought by
Gay Clyde
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
7.97%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Joycore Ventures Llc | -- | None Listed On Document | |
| Luyben Family Trust | $1,243,500 | Lawyers Title | |
| Lspi Exchange Corporation | $1,275,000 | Lawyers Title | |
| Murphy-Shields Living Trust | -- | None Listed On Document | |
| Murphy Michael D | -- | None Listed On Document | |
| Murphy Michael Dean | -- | None Available | |
| Murphy Michael | $185,000 | Orange Coast Title | |
| Gay Clyde | $162,000 | Commonwealth Land Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Murphy Michael | $122,000 | |
| Previous Owner | Gay Clyde | $112,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/26/2023 05/26/23 | Sold | $1,275,000 | -1.9% | $367 / Sq Ft |
| 04/26/2023 04/26/23 | Pending | -- | -- | -- |
| 04/13/2023 04/13/23 | For Sale | $1,300,000 | -- | $374 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,562 | $1,300,500 | $280,500 | $1,020,000 |
| 2023 | $14,562 | $278,739 | $67,795 | $210,944 |
| 2022 | $3,667 | $273,274 | $66,466 | $206,808 |
| 2021 | $3,608 | $267,916 | $65,163 | $202,753 |
| 2020 | $3,576 | $265,170 | $64,495 | $200,675 |
| 2019 | $3,517 | $259,972 | $63,231 | $196,741 |
| 2018 | $3,459 | $254,876 | $61,992 | $192,884 |
| 2017 | $3,418 | $249,879 | $60,777 | $189,102 |
| 2016 | $3,379 | $244,981 | $59,586 | $185,395 |
| 2015 | $3,349 | $241,303 | $58,692 | $182,611 |
| 2014 | $3,214 | $236,579 | $57,544 | $179,035 |
Source: Public Records
Agents Affiliated with this Home
-
Goran Forss
-
Deborah Llambias
D
Seller Co-Listing Agent in 2023
Deborah Llambias
Team Forss Realty Group
(951) 285-7475
2 in this area
108 Total Sales
-
A
Buyer's Agent in 2023
Angela Seeber
Abundance Real Estate
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW23060862
APN: 913-171-020
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